Jacquet Metals : FY figures a shade above expectations
>FY revenues at € 1,365m (vs € 1,350m est.), underlying operating profit at € 24m (vs € 10m est.) - Jacquet Metal Service reported 2020 results ahead of our estimates. The group’s FY revenues stood at € 1,365m, down 15.5% (vs € 1,350m est.), of which a -12.4% volume effect and a -3.1% price effect. In Q4 alone, revenues dropped 8.3% (volume effect: -1.7%; price effect: -6.6%) to € 326m (vs € 311m est.). FY underlying operating profit came in at € 24m, down at a slowe...Jacquet Metal Services is a European distributor of specialty steels, also active in China and the U.S.A. Co.'s main activity consists of purchasing, storing, and delivering different families of products. Co. is active in four markets for the distribution of special steels through four brands: JACQUET (distribution of stainless steel thick "Quarto" plates); Stappert (distribution of long stainless steel products); Abraservice (distribution of wear-resistant "Quarto" plates); IMS group (distribution of engineering steels). Co.'s main consumer sectors are the following industries: chemical; agro foods; treatment and storage of gases; water treatment; environment and cleanup; and energy.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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